Terms & Conditions
Morris Homes Ltd
Use of the information, materials and links in this website is subject to the terms and conditions set out below which constitute the entire binding agreement between you and Morris Homes Ltd relating to the use of this Site. By using this Site you acknowledge that you have read, understood and agree to be bound by the Site Terms and if you do not agree to the Site Terms you should not use this Site. Morris Homes Ltd may at any time update these Site Terms and you will be bound by the Site Terms in use when you visit the Site.
Images and prices
The images, dimensions and floorplans used throughout this website are indicative only. In the majority of cases, they will be illustrations, computer generated images (CGI’s) or photographs of other similar properties, they are unlikely to be actual photographs of the specific plot that is being sold as the majority of plots are sold off-plan. Morris Homes Ltd accepts no liability for the accuracy of the images, dimensions and floorplans used on this Site. For accurate information, please contact the sales advisor on that specific development.
The prices and availability on this web site were correct at the time of addition, however prices and availability are subject to change, please contact the sales advisor at the specific development for accurate information. *Special offers advertised are at the discretion of Morris Homes Ltd, subject to eligibility and in some cases may not be used in conjunction with each other.
Pay 75% own 100% offer
How does the scheme work? Mortgage finance is arranged on 75% of the purchase price. The remaining 25% becomes a second loan from Morris secured on the property although there is no interest or rent repayable. When do I have to repay the 25% balance? The 25% at the revised market value is to be paid back at any time up to resale or within 10 years... whichever is sooner. Can I repay the 25% early without selling? Yes - you can either repay a minimum of a quarter of the 25% Morris balance or the full amount at any time, subject to valuation. Are there any other costs involved? Yes – solicitor’s fees and valuation fees will be payable by you. How is the market value determined? We take the average of two independent valuations at the point of resale, early repayment or at the end of the 10 year period. What happens if I improve my property? Do I have to pay 25% of the increased value to Morris?
No - the market value at the end of the period is less any improvements. What if the market value of my property decreases? The repayment is 25% of the revised market value at point of resale, early payment or at the end of the 10-year period – even if it is less than the original purchase price. Can I buy a property to rent out? No – the scheme is only available for those buying a home as a place to live. What happens if I cannot repay the 25% after 10 years? In conditions of genuine hardship, the position will be reviewed on an individual basis and the loan period may be extended up to a maximum of five years. How do I apply?
Speak to your Morris Homes Sales Advisor, who will refer you to an Independent Mortgage Advisor who is familiar with this scheme. If you decide to proceed with a loan, you will be asked to use one of a number of independent solicitors recommended by Morris Homes.
Typical example: Purchase a property at £132,500 - 75% (£99,375) is payable at the time of purchase. You then have up to 10 years to pay the 25% balance at the revised market value at the time of repayment, this is secured by a second mortgage, e.g., if the property is sold for £142,500 then 25% (£35,625) is payable to Morris. Likewise, if the property is sold for £122,500 then 25% (£30,625) is payable to Morris. Offer not to be used in conjunction with any other promotion.
Offer available on selected homes only on selected Morris developments only - subject to terms and conditions available upon application. A nominal reservation fee of £500 is required.
At all times the mortgage on the 75% share must be maintained as your home may be repossessed if you don’t keep up the repayments on the mortgage or loans secured against the property. Be sure that you can afford the repayment before entering into a credit agreement. Any advice and loan arrangements must be made from morris homes recommended independent financial advisors or a qualified independent financial advisor.
Fee-Free HomeBuy Scheme
Fee Free Package - Terms and conditions apply on the payment of fees. Fees are paid up to a maximum. Please speak to the Sales Advisor on site for further details specific to the development you are interested in.
Acceptance is subject to meeting criteria for Open Market HomeBuy, which is available subject to status, availability and conditions. YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT. Offer available for first time buyers, key workers and council tenants, amongst others. Selected plots only. Terms and conditions apply. These particulars do not form part of a contract or warranty. Prices and information correct at time of going to press. We reserve the right to withdraw this offer at any time.
Copyright and Trademarks
The Copyright in all material appearing on this Site belongs to Morris Homes Ltd. You may copy the materials on this Site only in the course of viewing the Site. If you do download materials, then you must use such copies only for your own personal non-commercial use. Except as stated herein you may not copy, download, display, publish, transmit or deal in any way in such materials. Unauthorised use may result in a breach of copyright and/or trade mark laws.
Links
No liability is accepted for the contents of any site operated by a third party which may be accessed via links from this Site. Such links are provided for your convenience only and do not imply that Morris Homes Ltd approves or recommends the content of such sites.
Jurisdiction
This Site is intended for UK residents only and only in relation to their activities within the UK. The information on this Site may not be accurate or relevant in relation to activities outside the UK.
If any provision of these Site Terms is deemed unlawful, void or for any other reason unenforceable then that provision shall be deemed severable from these Site Terms and shall not affect the validity and enforceability of any remaining provisions.
These Site Terms and your use of information or materials from this Site shall be governed by the laws of England and the parties submit to the exclusive jurisdiction of the courts of England and Wales, save that Morris Homes Ltd may take action in any appropriate jurisdiction to protect its intellectual property rights.
Morris Homes Ltd, Morland House, Altrincham Road, Wilmslow, SK9 5NW. Registered in England, No. 05026617